FEX 0.00% 37.0¢ fenix resources ltd

Ann: Acquisition of Mid-West Iron Ore and Port Assets, page-33

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    Didn't sound like it on the webinar. JW didn't specify a time. I assume they will update the market in time, but with only about 6 years left of Iron Ridge (and that will reduce if they expand production like they said), then without a backup high purity mine, then they won't be blending much of it. It took them what 8 months to get Iron Ridge back up and running, so I can't see them being production ready until at least a year from now.

    Again he seemed more focused on the logistics hubs (the sheds and the rail sidings), as he even mentioned that when he was asked about when they were closing. I can't remember the exact words but said something like the major important assets will close in July like the port sheds.
 
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